Study: App Store devs could make $1.4bn in 2011

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The App Store market will reach $2bn over the next twelve months, according to a new study published by consumer banking firm Citibank.

Apple takes a 30 per cent cut of all gross app revenues, including microtransactions, meaning that – if Citibank’s estimates are accurate – the App Store dev community will share $1.4 billion in sales this year alone.